Teton Advisors Inc. Purchases 20,000 Shares of Movado Group, Inc. (NYSE:MOV)

Teton Advisors Inc. lifted its stake in Movado Group, Inc. (NYSE:MOV - Free Report) by 68.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,100 shares of the company's stock after buying an additional 20,000 shares during the quarter. Teton Advisors Inc. owned about 0.22% of Movado Group worth $966,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. KLP Kapitalforvaltning AS purchased a new stake in Movado Group in the 4th quarter worth approximately $47,000. FMR LLC increased its stake in shares of Movado Group by 393.0% in the third quarter. FMR LLC now owns 7,400 shares of the company's stock worth $138,000 after purchasing an additional 5,899 shares in the last quarter. Aigen Investment Management LP bought a new stake in shares of Movado Group during the 4th quarter valued at $201,000. Wells Fargo & Company MN lifted its stake in shares of Movado Group by 18.4% during the 4th quarter. Wells Fargo & Company MN now owns 14,372 shares of the company's stock valued at $283,000 after buying an additional 2,234 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in Movado Group in the 4th quarter worth $284,000. Institutional investors own 72.08% of the company's stock.

Movado Group Stock Down 2.3 %

NYSE MOV traded down $0.32 during trading on Friday, hitting $13.32. 483,352 shares of the stock traded hands, compared to its average volume of 198,922. Movado Group, Inc. has a 12-month low of $12.85 and a 12-month high of $27.80. The firm has a 50-day simple moving average of $17.21 and a 200-day simple moving average of $18.74. The company has a market capitalization of $294.83 million, a P/E ratio of 12.80 and a beta of 0.92.

Movado Group (NYSE:MOV - Get Free Report) last released its earnings results on Wednesday, April 16th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.12. The firm had revenue of $181.48 million during the quarter, compared to analyst estimates of $180.62 million. Movado Group had a net margin of 3.62% and a return on equity of 5.38%. As a group, research analysts predict that Movado Group, Inc. will post 1.05 EPS for the current fiscal year.

Movado Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 6th. Shareholders of record on Tuesday, April 22nd will be paid a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $1.40 dividend on an annualized basis and a yield of 10.51%. Movado Group's payout ratio is 160.92%.

Wall Street Analysts Forecast Growth

MOV has been the topic of a number of recent analyst reports. BWS Financial started coverage on Movado Group in a report on Thursday, January 2nd. They set a "buy" rating and a $31.50 price target on the stock. StockNews.com cut Movado Group from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th.

About Movado Group

Movado Group, Inc designs, sources, markets, and distributes watches in the United States and internationally. The company operates in two segments, Watch and Accessory Brands, and Company Stores. The company offers its watches under the Movado, Concord, Ebel, Olivia Burton, and MVMT brands, as well as licensed brands comprising Coach, Tommy Hilfiger, HUGO BOSS, Lacoste, and Calvin Klein.